ASX Today, page-41518

Very interesting chart! Thanks for posting...While the growth in output is pretty amazing if accurate, I was thinking that to produce that much cathode material at the growth rate shown this year, they must have used a lot of raw material. I further wonder whether stocks are being drawn down to achieve that upswing in production. And further still, I guess it is logical that there would need to be high growth of cathode materials for batteries given the rapid increase in EV car sales in China in 2024.

It begs the question about the sourcing of raw materials into the future as compound growth yoy continues if pricing fails to be attractive for new entrants. The next 6 months will be telling about where pricing might stabilise.

regards
DF